Non-Fungible Tokens (NFTs)
The world is becoming increasingly familiar with blockchain, tokens and tokenization. That blockchain and tokenization attract the interest of both the private and public sector for a wide array of use cases incentivizes their rapid development towards even greater efficiency and applicability. The growing popularity of non-fungible tokens (NFTs) follows the exponential growth and interest in blockchain and tokens. Over the past months, NFTs make the headlines becoming one of the most popular terms in the crypto space. NFTs are everywhere; navigating the tech news and internet will show that much.
NFTs are an exciting technology with potential uses in various industries and provide a new type of unique and indivisible assets that do not have a one-to-one value with other NFTs. NFTs can be used to represent ownership of unique assets and allows us to tokenise things like art, collectibles, real estate etc. NFTs cannot be traded or exchanged at equivalency. They are unique and indivisible cryptographic assets that exist on blockchain and cannot be replicated.
The legal nature of NFTs and their potential regulation, by reference to existing or future legislation, are crucial aspects that lawyers and NFT parties must consider. Compliance must be ensured through carefully analysing the NFT-surrounding circumstances. At the same time, the intellectual property rights arising must be clearly and transparently set out by the NFT issuers.
The terms under which NFTs are sold are crucial and must be carefully drafted because they regulate the main aspects that have been herein raised. We monitor all latest regulatory developments regarding NFT to ensure full compliance of these terms with the laws.
- Create accounts in NFT marketplaces for our clients
- Develop collections and NFTs in NFT Marketplaces
- Create and verify wallets for our clients
- Connect wallets with the marketplaces
- Provide all the necessary information for the NFTs (Title, description, royalties etc)
- Minting process
- Develop custom smart contracts for NFTs (with the help of our partners)